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Registered User Joined: 2/13/2019 Posts: 4
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Hi Bruce,
I'm looking for a PCF / scan condition that finds stocks at the 1st pivot coming out of ichi cloud ( breaking either Span B or Span A ) UNTIL price:
- if 1st pivot is above cloud, price either closes below the Base Line or it reaches the value of that 1st pivot + ( 0.85 * ATR(14) )
- if 1st pivot is below cloud, price either closes above the Base Line or price reaches the value of that 1st pivot - ( 0.85 * ATR(14) )
Thanks.
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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I am actually not sure I can do this, but the 1st pivot coming out of the cloud would be the first move down after breaking up through the cloud or the first move up after breaking down through the cloud, correct?
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 2/13/2019 Posts: 4
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1st pivot coming out of cloud, is whichever bar has a lower high after the bar whose opening price was in cloud and closing price is out of cloud higher, or whichever bar has a higher low after the bar whose opening price was in cloud, yet closing price is out of cloud lower.
In the bullish scenario, if the price makes higher highs after coming out of cloud, there is no pivot until the price bar with a lower high than previous one.
In the bearish scenario, the bar that makes a higher low than previous bar, after the bar coming out of cloud lower is the pivot.
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Registered User Joined: 2/13/2019 Posts: 4
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https://ibb.co/fNtBL9b
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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Just wanted to let you know I haven't forgotten about this. At this point, I don't think I can do it, but there is at least one more thing I want to try.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 2/13/2019 Posts: 4
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Thanks, appreciate it very much.
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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I was able to come up with a structure which works in theory, but the formula ends up being too long and slow to be practical or post in the forums. Sorry.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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